ASIC takes on ICO fraud

ICO Market News

The Australian Securities and Investments Commission (ASIC) is eyeing on the ICO frauds. The authority had been issuing inquiries to various ICO issuers and agents considered to be unreliable. Consequently, the issuers have stopped their ICO or stated to alter their function. John Price, the commissioner of ASIC, emphasized that misleading and deceptive statements about products cannot be publicized.

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